TABLE OF CONTENTS General meetings are meetings of the whole company of which there are two types.
An Annual General Meeting
Extraordinary General Meeting.
In addition there are class meetings and board meetings.
Once every calendar year, maximum interval of 15 months between meetings. The first one must be held within 18 months of incorporation.
Agenda:
To consider the accounts, directors and auditors reports.
Declaration of a dividend.
Appointment and remuneration of auditors.
Election of directors.
21 days notice for the meeting unless all voting members consent to a shorter notice.
Called by directors or the Secretary of State.
Held whenever business arises between AGMs which requires member's approval.
The agenda being the reason for calling the meeting.
The notice period is 14 days unless a special or elective resolution is to be considered when it is 21 days. Shorter notice period is possible if 95 per cent of the voting shareholders agree.
The board can call such a meeting, or members holding 10 per cent of the voting share cap- ital, or the court can order one.
Held whenever business arises which affects a particular class of shareholders.
The agenda being the variation of class rights.
The notice period being 14 days unless 95 per cent of the voting shareholders agree to a shorter notice.
The board can call the meeting or the court can order one.
These are called by directors. Reasonable notice should be given.
